TSXV:FCO.H - Post by User
Comment by
Grizzly44on Oct 31, 2007 12:49pm
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Post# 13725616
RE: spin off speculation
RE: spin off speculationAs XStrata now owns Noranda, and it was Noranda and Formation that were having a problem, I would think that XStrata may well have an interest in FCO. This is my speculation only but they do have a history in the area.
With regards to a price upon the permit, it made it to C$1.06 on basically nothing. Since then, a lot of homework and paperwork have been done.
My call, being that we are speculating is $1.50 upon the permit and $3.00 a year later just prior to production. A year later it should be $3 to $5. but it will depend on Virgin River, the U.S. property and Milagro.
After all that, it is moot because I think it will be bought out at the time of the permit, and I think that figure is $1.50 to $2.00.
It is fun speculating when one doesn't know the inside scoop.
Regards,
The Grizz